Background*

Mr. Tommaso Padoa-Schioppa serves as the Chairman of Promontory Europe. Mr. Padoa-Schioppa has been the Chairman of International Accounting Standards Committee Foundation since July 2010 and formerly served on the same position from January 2006 to May 2006. Mr. Padoa-Schioppa served as the Chairman of Board of Governors of European Investment Bank. He serves as a Director of CNP Assurances SA. He serves as a Trustee of International Accounting Standards Committee Foundation. ... He served as Governor of Inter-American Development Bank. He served as a Governor of The European Bank for Reconstruction and Development. He served as a Member of Board of Governors at International Monetary Fund.He was a member of the first Executive Board of the European Central Bank from 1998 to May 21, 2005. He was Chairman of the Commissione Nazionale per la Societa e la Borsa from 1997 to 1998, Deputy Director General of the Banca d'Italia from 1984 to 1997 and Director General for Economic and Financial Affairs at the Commission of the European Communities from 1979 to 1983. He has been Joint Secretary to the Delors Committee from 1988 to 1989), Chairman of the Banking Advisory Committee of the EC from 1988 to 1991, Chairman of the Basel Committee on Banking Supervision from 1993 to 1997), and Chairman of the Committee on Payment and Settlement Systems from 2000 to 2005. He is the author of a number of books and articles on economic and financial matters as well as on European and international affairs. He is a graduate of Luigi Bocconi University (Milan, 1966) and Master of Science from Massachusetts Institute of Technology.

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